The expected annual medical expenses of a high-risk person is $3000 per year while that of a low-risk person is $1000 per year.
The expected annual medical expenses of a high-risk person will be calculated as:
= Probability of falling ill × Expenses in case of illness
= 30% × $10000
= 0.3 × $10000
= $3000
The expected annual medical expenses of a low-risk person will be calculated as:
= Probability of falling ill × Expenses in case of illness
= 10% × $10000
= 0.1 × $10000
= $1000
It should be noted that in a situation where the individuals are risk neutral, the low-risk persons will not buy insurance as only the high-risk individuals will be expected to buy<em> insurance.</em>
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Answer:
12.09%
Explanation:
The computation of the total percentage return on this investment is shown below:
= {(Sale price of the stock - purchase price of stock + dividend received per share) ÷ purchase price of stock) × 100
= {($47.76 - $43.58 + $1.09 ) ÷ $43.58} × 100
= ($5.27 ÷ $43.58 ) × 100
= 12.09%
We simply applied the above formula so that the total percentage return on this investment could come
Answer:
Letter c is correct.<u> Is forward looking, stressing nonfinancial measures that can lead to benefits in the future.</u>
Explanation:
The balanced scorecard is a methodology whose focus is to assist the strategic management of a business, integrating managers and employees to work focused on obtaining long-term objectives and goals according to the company's current projects and results.
This methodology consists of actions focused on the business vision, so that there is an improvement in the management of long-term objectives, making the vision concrete through the monitoring and control of indicators to verify if the business plans are being fulfilled.
Answer:
c. $ 3,409,000
Explanation:
Computation of cost of goods manufactured
The cost of goods manufactured is calculated by adjusting the opening and closing work in process balances to the total manufacturing input
Total manufacturing input $ 3,400,000
Add: Opening work in process $ 27,000
Less: Closing work in process <u> $ ( 18,000)</u>
Cost of goods manufactured $ 3,409,000
The cost of goods manufactured is determined by the total of the input and adding the differnce in opening and closing work in process balances.
Answer:
The correct answer is Line executives.
Explanation:
It can be said that the role of a line manager in a company is to direct the work of the subordinates and fight because the company's objectives are fully met. He is the person whom we call our boss at our job site and come to him when we need advice or when he asks us to do certain work. Or, that person who rebukes us when something was not done well.
